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Western Digital Earnings Calls
| Release date | Oct 30, 2025 |
| EPS estimate | $1.59 |
| EPS actual | $1.78 |
| EPS Surprise | 11.95% |
| Revenue estimate | 2.73B |
| Revenue actual | 2.818B |
| Revenue Surprise | 3.21% |
| Release date | Jul 30, 2025 |
| EPS estimate | $1.48 |
| EPS actual | $1.66 |
| EPS Surprise | 12.16% |
| Revenue estimate | 2.472B |
| Revenue actual | 2.605B |
| Revenue Surprise | 5.38% |
| Release date | Apr 30, 2025 |
| EPS estimate | $1.12 |
| EPS actual | $1.36 |
| EPS Surprise | 21.43% |
| Revenue estimate | 2.315B |
| Revenue actual | 2.294B |
| Revenue Surprise | -0.90% |
| Release date | Jan 29, 2025 |
| EPS estimate | $1.35 |
| EPS actual | $1.77 |
| EPS Surprise | 31.11% |
| Revenue estimate | 4.261B |
| Revenue actual | 4.285B |
| Revenue Surprise | 0.565% |
Last 4 Quarters for Western Digital
Below you can see how WDC performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jan 29, 2025 |
| Price on release | $47.45 |
| EPS estimate | $1.35 |
| EPS actual | $1.77 |
| EPS surprise | 31.11% |
| Date | Price |
|---|---|
| Jan 23, 2025 | $51.90 |
| Jan 24, 2025 | $50.94 |
| Jan 27, 2025 | $48.66 |
| Jan 28, 2025 | $47.51 |
| Jan 29, 2025 | $47.45 |
| Jan 30, 2025 | $49.70 |
| Jan 31, 2025 | $49.21 |
| Feb 03, 2025 | $48.68 |
| Feb 04, 2025 | $48.22 |
| 4 days before | -8.57% |
| 4 days after | 1.62% |
| On release day | 4.74% |
| Change in period | -7.09% |
| Release date | Apr 30, 2025 |
| Price on release | $43.86 |
| EPS estimate | $1.12 |
| EPS actual | $1.36 |
| EPS surprise | 21.43% |
| Date | Price |
|---|---|
| Apr 24, 2025 | $40.17 |
| Apr 25, 2025 | $40.78 |
| Apr 28, 2025 | $40.91 |
| Apr 29, 2025 | $40.62 |
| Apr 30, 2025 | $43.86 |
| May 01, 2025 | $43.95 |
| May 02, 2025 | $44.69 |
| May 05, 2025 | $45.03 |
| May 06, 2025 | $44.29 |
| 4 days before | 9.19% |
| 4 days after | 0.98% |
| On release day | 0.205% |
| Change in period | 10.26% |
| Release date | Jul 30, 2025 |
| Price on release | $71.43 |
| EPS estimate | $1.48 |
| EPS actual | $1.66 |
| EPS surprise | 12.16% |
| Date | Price |
|---|---|
| Jul 24, 2025 | $69.02 |
| Jul 25, 2025 | $68.82 |
| Jul 28, 2025 | $68.99 |
| Jul 29, 2025 | $70.61 |
| Jul 30, 2025 | $71.43 |
| Jul 31, 2025 | $78.69 |
| Aug 01, 2025 | $76.55 |
| Aug 04, 2025 | $77.29 |
| Aug 05, 2025 | $75.84 |
| 4 days before | 3.49% |
| 4 days after | 6.17% |
| On release day | 10.16% |
| Change in period | 9.88% |
| Release date | Oct 30, 2025 |
| Price on release | $138.13 |
| EPS estimate | $1.59 |
| EPS actual | $1.78 |
| EPS surprise | 11.95% |
| Date | Price |
|---|---|
| Oct 24, 2025 | $129.43 |
| Oct 27, 2025 | $126.67 |
| Oct 28, 2025 | $124.92 |
| Oct 29, 2025 | $141.38 |
| Oct 30, 2025 | $138.13 |
| Oct 31, 2025 | $150.21 |
| Nov 03, 2025 | $158.02 |
| Nov 04, 2025 | $152.18 |
| Nov 05, 2025 | $160.10 |
| 4 days before | 6.72% |
| 4 days after | 15.91% |
| On release day | 8.75% |
| Change in period | 23.70% |
Western Digital Earnings Call Transcript Summary of Q4 2025
Western Digital (new standalone HDD company) reported fiscal Q3 revenue of $2.3B, non-GAAP gross margin of 40.1% and non-GAAP EPS of $1.36; free cash flow was $436M. Key operational highlights: rapid ramp of the 11-disk platforms (800k units shipped in March quarter; >1M expected in June), Ultra SMR adoption (~40%–45% mix cited), and continuing HAMR development with engineering samples and two hyperscaler customers. Management secured longer-term agreements (LTAs) with two large hyperscalers through mid‑2026, giving improved visibility for cloud demand. They redeemed $1.8B of 2026 notes post-quarter, lowered net leverage to ~1.7x (target 1.0–1.5x), and initiated a $0.10 quarterly dividend. Fiscal Q4 guidance: revenue $2.45B ± $150M, gross margin 40%–41%, operating expenses $330M–$340M, EPS $1.45 ± $0.20 (approx. 360M shares), and a tax rate of 8%–10%. Management flagged macro/tariff uncertainty that could affect enterprise, distribution and consumer demand, but said hyperscaler/cloud demand remains robust and LTAs reduce near‑term execution risk. Roadmap/timeline: HAMR qualification expected H2 CY2026 with high-volume ramp in H1 CY2027. Capital allocation priorities are reinvest in the business, reduce debt, and return excess cash to shareholders (dividends and buybacks once leverage target is reached).
